As the Senate prepares to discuss a broad overhaul of financial regulation, Republican senators laid out their opposition to certain measures. Sen. Mitch McConnell, R-Ky., said legislation approved by the Senate banking committee "would provide endless protection for the biggest banks on Wall Street." Sen. Judd Gregg, R-N.H., said the White House's push for an independent consumer-protection agency was a political move and not based on sound policy.

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